A Nuclear Reactor Simulator Used in Training Is Said to Have

question 48

Multiple Choice

A nuclear reactor simulator used in training is said to have good physical fidelity. This means that:

• A)trainees are required to demonstrate a high level of physical skill in the simulator.
• B)the simulator was inexpensive to construct.
• C)the simulator mimics a real nuclear reactor.
• D)there are no physical hazards associated with training in the simulator.

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Definitions:

Interest Expense

The expenditure an entity incurs from borrowing funds during a certain period.

Notes Payable

Written agreements in which one party promises to pay another party a definite sum of money either on demand or at a specified future date.

Payment

The act of transferring money or other valuable items in exchange for goods, services, or to fulfill a legal obligation.

Effective Interest Method

A method of calculating the interest expense on a bond or loan that considers the impact of amortizing premium or discount over the life of the financial instrument.